Cryptocurrency
5 Short Squeeze Candidates To Watch This Week: Singing Machine Company, Revlon And More
Potential short squeeze plays gained steam in 2021, with new retail traders looking for the next huge move.
A short squeeze can occur when a heavily shorted stock rises in value instead of falling. Short sellers could be looking to close out their position and can face a loss if they have to buy back the shares they initially borrowed at a higher price.
A squeeze can occur when short sellers are forced into buying to cover their position, which can cause shares to move up higher on many occasions.
Fintel Data, which requires a subscription, provides a look at several of the top shorted stocks and how likely a short squeeze is to occur. Here’s a look at the top five short squeeze candidates for the week of July 11:
The Singing Machine Company: Karaoke audio equipment company The Singing Machine Company MICS tops the short squeeze leaderboard for the week. Shares of the company have risen from $5.50 to $8 in the last month. Fintel data shows 80.3% of the company’s float short and a cost to borrow of 106.5%, a combination that could suggest a short squeeze.
AeroClean Technologies: Air sanitization company AeroClean Technologies AERC is no stranger to the short squeeze leaderboard and comes in second place to start the week. Data shows 40.3% of the company’s float short and a cost to borrow of 320.9%, among the highest for the week. The company has been listed as a COVID-19 play with sanitization solutions for hospitals, offices and businesses against the virus.
Revlon: Cosmetics company Revlon Inc. REV continues to rank high on the short squeeze leaderboard. The company, which declared bankruptcy in June, has 53.9% of its float short and a cost to borrow of 894.0%, one of the highest figures on record. Shares of Revlon traded at under $5 prior to declaring bankruptcy and quickly fell to under $2. Shares have since rebounded and now trade higher than they did prior to the bankruptcy filing.
Applied UV: Infection control company Applied UV Inc. AUVI ranks fourth on the leaderboard with 36.9% of the float short and a cost to borrow of 181.2%. The company offers disinfectant systems for public use and hospitals.
Pennsylvania Real Estate Investment Trust: Mall owner and operator Pennsylvania Real Estate Investment Trust PEI ranks fifth on the leaderboard for the week. Data shows 393.2% of the float short, which may be elevated due to a reverse split. The cost to borrow on shares is 10.1%.
Related Link: 5 Short Squeeze Candidates To Watch This Week: Redbox And Chicken Soup For The Soul Both In Top Five
Other Stocks To Watch: Past the top five short squeeze candidates, two stocks made big jumps this week into the top 15 and could be short squeeze candidates in the future.
Outdoor cooking company Weber Inc. WEBR jumped 31 positions to 11th place. Data shows 58.2% of the float short and a cost to borrow of 60.3%.
Software company MicroStrategy Inc. MSTR jumped 44 positions to 12th place on the leaderboard. Data shows 37.1% of the float short and a cost to borrow of 10.6%. The company is a large holder of Bitcoin BTC/USD and a popular short candidate for those believing the price of the leading cryptocurrency will keep falling.
Cryptocurrency
Should Ripple’s XRP Be Part of the US Digital Asset Reserve? Community Debates
President Donald Trump splashed the crypto waters earlier this week when he signed an executive order focused on digital assets to be potentially included in the US reserves.
Although it’s not officially approved yet, the decision has sparked substantial debates within the community on which cryptocurrencies should be included or whether it should just be bitcoin.
The Debate
Ever since Trump changed his tune on the crypto industry last year and made dozens of optimistic promises during his election campaign, the talk of the town has been whether he will stay true to his word and establish a US BTC reserve.
The first portion of that plan would be for the US government to stop selling the seized BTC from illegal operations. However, Trump went further on Thursday by signing an executive order titled ‘Strengthening American Leadership in Digital Financial Technologies’ to explore the inclusion of various cryptocurrencies into the US reserve.
This sent shockwaves throughout the community, especially those favoring many US-based projects and their underlying assets, such as SOL, XRP, and ADA. Many believe that companies like Ripple are actually working against BTC in this manner by ‘throwing around millions at politicians, desperately trying to derail it.’
Brad Garlinghouse, Ripple’s CEO, refuted the accusations, saying their efforts ‘are actually increasing the likelihood of a crypto strategic reserve (which includes bitcoin) happening.’
Unless you are choosing to ignore the core tenants of the POTUS campaign (which aggressively supports American companies and technologies), our efforts are actually INCREASING the likelihood of a crypto strategic reserve (which includes bitcoin) happening.
— Brad Garlinghouse (@bgarlinghouse) January 23, 2025
No XRP, Please
Messari’s founder, Ryan Selkis, joined the anti-XRP front, indicating that the Ripple incentive is ‘toxic.’ He went further, described the project’s native token as a ‘piece of s**t,’ and said it would be better to have no crypto strategic reserve than to put XRP in it. Selkis concluded that BTC is the only exception and that it makes sense to be the sole crypto rep in that reserve.
America-First is not “American-Shitcoin First”
We’d be better off having no strategic reserve than one with a “endorsed” pieces of shit like XRP.
Still, I think Bitcoin is an exception.
1. Build different (with energy)
2. Lindy, mcap dominance, no insiders
3. Global traction https://t.co/eCNhKjpgSL— Ryan Selkis (d/acc) (@twobitidiot) January 23, 2025
In contrast, Cardano’s Charles Hoskinson, who has been collaborating with the Ripple team for a while now, said there’s no need to ‘base XRP’ and claimed that the strategic reserve will start as bitcoin-only.
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Cryptocurrency
Quick Hit: 3 Exciting Expert Bitcoin Price Predictions for 2025
Bitcoin’s price has been on a spectacular run for the past few months, going from under $70,000 to almost $110,000 to break its previous all-time high and mark a new one, well within six-digit territory.
The micro-scale has also turned positive as the asset recovered its 30-day percentage gain or loss to above 6% at the end of the week. The world’s most prominent cryptocurrency is trading at nearly double its price six months ago.
Furthermore, it can be had or sold for more than 100% of its exchange rate 12 months ago.
BTC Experts Remain Overwhelmingly Bullish
But, most Bitcoin experts surveying the market conditions for blockchain assets today are very bullish on the currency’s prospects for another extended leg up the chart over the coming months in 2025.
Some of the main reasons for the strong forward sentiment:
- First, there’s Donald Trump’s reelection, a new crypto-friendly SEC chair, and plans in Congress to appropriate US tax dollars to buy and hold Bitcoin in a strategic national reserve.
- Then there’s Bitcoin’s enormous demand, miner network participation, powerful use cases, limited currency supply, and the bullish phase of its four-year supply cycle.
- Finally, there’s the rapidly expanding US dollar supply under a low interest rate regime, four years of record-setting US budget deficits ahead, and economic and geopolitical uncertainty.
Here are three recent Bitcoin price predictions from cryptocurrency experts:
2025 Expert Bitcoin Price Predictions
Aquinas Wealth Advisors: $130,000
According to Christopher McMahon, CEO of Aquinas Wealth Advisors and author of “Faithful Finances,” Bitcoin’s price will top $130,000 this year. McMahon’s is the lowest of the three forward targets for BTC in 2025. He argues that institutional adoption of cryptocurrencies will make the numbers go up.
Motley Fool: $200,000
According to a cryptocurrency analyst at the popular investment website Motley Fool, $200,000 BTC is “not only possible but also… fairly probable.” He’s tracking Bitcoin’s steep historical trend line, new investors, especially globally, as well as governments and companies joining the blockchain race.
BlackRock: $700,000
Meanwhile, of all current expert Bitcoin price predictions, BlackRock CEO Larry Fink’s stands out most. The Wall Street executive warns Bitcoin’s price could rocket to $700,000 this year. The rocket fuel? Fink argues his math works out if a number of large hedge funds begin to allocate 2% to 5% of their holdings to BTC.
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Cryptocurrency
Bitcoin (BTC) Stable at $105K, Avalanche (AVAX) Gains 6% Daily (Weekend Watch)
Bitcoin’s price movements over the weekend have been quite underwhelming, but the asset has remained stable at around $105,000.
The altcoins are with minor gains on a daily scale but the weekend charts show a different picture for many of them.
BTC Holds Steady at $105K
The largest cryptocurrency went through a spectacular ride at the beginning of the business week. It began with a nosedive on Monday morning from $106,000 to under $100,000 before it exploded to a new all-time high of over $109,000. More volatility ensued before, during, and after Donald Trump’s inauguration speech as he failed to mention crypto.
Following a price slump to $101,000, the bulls stepped up and didn’t allow a price slump into five-digit territory. In fact, BTC started to recover some ground and spiked to $107,000 a few days later. It failed there and was pushed south by three grand on Saturday morning but has recovered from that decline and now sits about a grand higher with little to no movement over the past 12 hours.
Its market capitalization has climbed to $2.080 trillion on CoinGecko, while its dominance over the alts stands tall at 55.4%.
AVAX on the Rise
The largest altcoins have recovered some of the losses charted yesterday. Ethereum has bounced above $3,300 after a 1.3% daily increase, while XRP is above $3.1 following a similar increase. BNB, DOGE, and ADA stand in the same bracket.
Solana and Chainlink have gained around 3% each and now trade at $255 and $25, respectively. Avalanche has emerged as the top performer from the larger-cap alts, surging by 6% to $37.5.
The biggest gainers from the top 100 alts are XCN (91%), OM (30%), TAO (13%), and TRUMP (10%).
The total crypto market cap has recovered over $60 billion overnight and is up to $3.750 trillion on CG.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
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